• Corpus ID: 153785281

The Silver Standard in Prewar China, A Blessing or A Curse?

  title={The Silver Standard in Prewar China, A Blessing or A Curse?},
  author={Jing Hu},
When the rest of the world sank deeper into the mire of gold shortage and the Great Depression, China, a country still adhered to the silver standard, maintained a relative independent connection to the global economy. In the initial stage of the Great Depression, Chinese economy under relative inflation benefited from the blessing of the silver standard. However, with international silver prices artificially being pushed up especially after the U.S. silver purchase act in 1934, the price of… 
1 Citations
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